Aveksa Names Barry Bycoff Chairman of the Board.

Security Pioneer and Venture Capital Partner to Guide Board of Directors for Risk-Management and Compliance Software Leader

WALTHAM, Mass. -- Aveksa, Inc., automating and simplifying identity-driven risk management and compliance, today announced that Barry Bycoff has been named chairman of its board of directors. Bycoff, who established a new enterprise security product category with identity management software as the founder of Netegrity, is a venture partner with Pequot Ventures and a noted computer and software industry leader. Through his role as board chairman, Bycoff will continue his successful collaboration with Aveksa CEO Deepak Taneja, which began when Taneja served as CTO and VP of Engineering at Netegrity. Bycoff will now provide strategic guidance on the growth and development of Aveksa as it continues to bring innovative security technologies to market.

"A single employee with improper access rights can cause irreparable damage to a company's reputation, profitability and business operations," said Barry Bycoff. "Aveksa's team of security veterans has developed an innovative new technology category to answer the user entitlement questions all organizations must ask to minimize their access-related risk and simplify compliance. I look forward to providing guidance to help Aveksa meet the significant demand for its technology from risk-conscious organizations worldwide."

"Barry's in-depth industry knowledge and proven success building security companies into profitable leaders make him the ideal choice to guide Aveksa into the future," said Aveksa's CEO, Deepak Taneja. "As a board member since Aveksa's inception, Barry's bold leadership and unique insight have already played a key role in establishing Aveksa as a market leader. We are confident that his contributions as board chairman will be invaluable to Aveksa's continued growth and success."

Bycoff's professional career includes more than 25 years experience in the computer and software industry. Among his accomplishments, Bycoff engineered the transformation of Netegrity into a leading developer of enterprise software. He was at the helm of the company when it was named one of Forbes Magazine's 'Best Managed, Fastest Growing Companies' and the Wall Street Journal's 'Best 3-year Performer' in its annual Shareholder Scorecard which ranked 1,000 companies throughout 70 industries. He directed Netegrity's growth from privately held start up to one of the fastest growing software companies in the industry with a dominant market share and revenues of close to $100 million when the company was acquired by Computer Associates for approximately $450 million at the end of November, 2004.

About Aveksa

Aveksa delivers the only enterprise-class security risk and compliance management solution that automates access rights monitoring, compliance reporting and remediation. Aveksa enables IT security and compliance teams to balance the pressures of managing company security and meeting corporate compliance objectives while drastically reducing the costs associated with attaining sustainable compliance.

Aveksa was founded by identity management and security compliance experts who understand how to help organizations effectively deal with regulations such as Sarbanes-Oxley, HIPAA, GLBA and Basel II. Aveksa headquarters are located in Waltham, Mass. For more information please contact Aveksa at www.aveksa.com.